Sargent Investment Group LLC Has $1.40 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Sargent Investment Group LLC trimmed its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,155 shares of the company’s stock after selling 98 shares during the quarter. Sargent Investment Group LLC’s holdings in Marriott International were worth $1,404,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of MAR. Sound Income Strategies LLC boosted its holdings in shares of Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after purchasing an additional 89 shares in the last quarter. Silvant Capital Management LLC acquired a new stake in Marriott International in the third quarter valued at about $31,000. Darwin Wealth Management LLC acquired a new position in Marriott International during the third quarter worth about $33,000. Heck Capital Advisors LLC acquired a new stake in shares of Marriott International in the 4th quarter valued at approximately $38,000. Finally, ORG Partners LLC grew its holdings in shares of Marriott International by 158.5% during the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after purchasing an additional 84 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Insiders Place Their Bets

In related news, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the transaction, the insider now owns 23,077 shares of the company’s stock, valued at $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Felitia Lee sold 916 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $276.48, for a total value of $253,255.68. Following the transaction, the chief accounting officer now owns 5,609 shares in the company, valued at approximately $1,550,776.32. This trade represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,315 shares of company stock worth $3,782,494. Insiders own 10.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MAR shares. The Goldman Sachs Group boosted their target price on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Argus increased their target price on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. boosted their price target on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Robert W. Baird raised their price objective on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, Bank of America upped their price target on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Marriott International has an average rating of “Hold” and a consensus target price of $276.35.

Marriott International Stock Up 0.1 %

Marriott International stock opened at $290.75 on Wednesday. The company has a market capitalization of $80.80 billion, a PE ratio of 30.41, a PEG ratio of 4.68 and a beta of 1.57. The firm’s fifty day moving average is $283.11 and its 200 day moving average is $259.42. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $295.45.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the previous year, the company posted $2.11 EPS. The firm’s revenue was up 5.5% on a year-over-year basis. Sell-side analysts expect that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.87%. The ex-dividend date was Thursday, November 21st. Marriott International’s payout ratio is currently 26.36%.

Marriott International Company Profile

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.